Copenhagen Infrastructure Partners completes acquisition of Ørsted’s European onshore platform – and launches Perigus Energy
Copenhagen Infrastructure Partners completes acquisition of Ørsted’s European onshore platform and launches Perigus Energy
A new onshore renewable energy company has launched in Europe: Perigus Energy
Headquartered in Cork, Perigus Energy operates in Ireland, Germany, the United Kingdom and Spain with an operational and under construction capacity of 826 MW and a multi-gigawatt development pipeline
A new chapter for European onshore renewables begins today with the launch of Perigus Energy, following the completion of Copenhagen Infrastructure Partners’ (CIP) acquisition of Ørsted’s European onshore business, through its fifth flagship fund, CI V. Formerly part of Ørsted, the business takes on a new name, identity and ambition as Perigus Energy. As part of its new structure, Perigus Energy has selected Cork as its European headquarters, underlining Ireland’s strategic importance to the business.
Perigus Energy aims to support Europe’s energy security and transition by developing, building and operating onshore wind, solar and battery storage projects in Ireland, Germany, the United Kingdom and Spain. Today, its portfolio delivers clean, home-grown and reliable electricity to power the equivalent of circa 600,000 European homes, with five further projects currently under construction in Ireland and Germany.
Perigus Energy already has a strong presence in Ireland through its existing portfolio of 373 MW of operational onshore wind farms and 179 MW of projects currently under construction across the island of Ireland. Its people, assets, construction projects and development pipeline in Ireland are unaffected by the transaction.
Perigus Energy has recently marked several milestones in its portfolio of wind, solar and energy storage projects in Ireland. Due to be energised this month, the Garreenleen solar project in Carlow - Perigus Energy’s first solar project in Ireland - will generate 81 MW of renewable energy, enough to power 29,000 homes and help reduce Ireland’s reliance on fossil fuels by supplying green electricity on sunny days. Meanwhile, Farranrory Wind Farm in Co. Tipperary is expected to be fully operational in 2026. This will become Perigus Energy’s 21st wind farm on the island of Ireland with nine turbines, providing 43.2 MW, enough to power up to 25,000 homes.
The company has also recently secured key planning milestones, including permission for the Brittas Wind Farm in Tipperary, consent for the 170 MW Cappakeel solar farm in Laois, and provisional success for the Lodgewood battery energy storage project in Wexford in the latest the last Capacity Market auction run by EirGrid and SONI. In Cork, planning has been secured for a battery energy storage system at the 55 MW Ballinrea Solar Farm, where construction is well advanced, with more than 7,000 panels installed and energisation on track later this year.
Kieran White, CEO of Perigus Energy, said:
“Perigus Energy is a very exciting next chapter in a long running renewable success story which has evolved from the origins of an Irish farmer’s cooperative and a German family-run business. And so, while our name is new, our people are experienced, and our mission is the same.
The high volatility in international energy markets demonstrates clearly Europe’s need for secure, home-grown and green electricity. With Copenhagen Infrastructure Partners on board, we will enhance our delivery capability across our multi-gigawatt investment-ready pipeline spanning onshore wind, solar and battery storage. Together, we look forward to advancing renewables to power a secure energy future with care for both society, nature and our people. “
TJ Hunter, Managing Director, Ireland and UK at Perigus Energy, added:
“Ireland is central to the future of Perigus Energy and our decision to establish our European headquarters in Cork reflects both our deep heritage here and our long-term ambition. While our name is new, we are an experienced team with a proven track record of delivery in Ireland since the opening of Owenreagh wind farm in Co. Tyrone in 1997. The same team, expertise and commitment remain in place and is now backed by capital to support continued investment in renewable energy infrastructure. As Ireland looks to accelerate its transition to clean energy and reduce its reliance on fossil fuels, we are committed to supporting national energy targets and delivering the reliable, renewable power needed for Ireland’s security and future growth.”
Perigus Energy is built on decades of hands-on delivery experience across multiple markets and technologies. Its people and projects in Ireland continue unaffected and with this strong foundation, now backed by CIP, the company’s immediate focus is to unlock the full potential of its multi-gigawatt, investment-ready pipeline and bring new renewable capacity in Europe.
Perigus Energy has over 200 people working on site and from offices in Regensburg, Lauf, Potsdam, Essen, Hamburg, London, Edinburgh and Madrid. More information can be found on www.perigusenergy.com
About Perigus Energy
Perigus Energy develops, builds and operates onshore renewable energy projects in Ireland, Germany, Spain and the United Kingdom. Backed by Copenhagen Infrastructure Partners, Perigus Energy has 578 MW of installed renewable capacity in Europe and 248 MW of solar energy and onshore wind under construction. Working as a trusted partner in the communities in which it operates, Perigus Energy is guided by its vision to advance renewables together to power a secure energy future. Visit pergiusenergy.com or follow us on LinkedIn.
